When the class_ passed is not a mapped class but is actually an iterable, the string formatting operation fails with a TypeError, and the expected ArgumentError is not raised. Calling code which is using reflection and expects this error will fail (e.g. the sadisplay module).

- The system of loader options has been entirely rearchitected to build
upon a much more comprehensive base, the :class:`.Load` object.  This
base allows any common loader option like :func:`.joinedload`,
:func:`.defer`, etc. to be used in a "chained" style for the purpose
of specifying options down a path, such as ``joinedload("foo").subqueryload("bar")``.
The new system supersedes the usage of dot-separated path names,
multiple attributes within options, and the usage of ``_all()`` options.
-  Added a new load option :func:`.orm.load_only`.  This allows a series
of column names to be specified as loading "only" those attributes,
deferring the rest.

- rework the event system so that event modules load after their
targets, dependencies are reversed
- create an improved strategy lookup system for the ORM
- rework the ORM to have very few import cycles
- move out "importlater" to just util.dependency
- other tricks to cross-populate modules in as clear a way as possible